M&A Deal Summary

Palatine Private Equity Acquires ZyroFisher

On December 18, 2017, private equity firm Palatine Private Equity acquired distribution company ZyroFisher from LDC

Acquisition Highlights
  • This is Palatine Private Equity’s 1st transaction in the Distribution sector.
  • This is Palatine Private Equity’s 27th transaction in the United Kingdom.

M&A Deal Summary

Date 2017-12-18
Target ZyroFisher
Sector Distribution
Buyer(s) Palatine Private Equity
Sellers(s) LDC
Deal Type Secondary Buyout

Target

ZyroFisher

Darlington, United Kingdom
ZyroFisher is a cycling parts and accessories distributor. ZyroFisher distributes a massive range of market-leading branded products designed to enhance your cycling experience – increasing safety, comfort, and enjoyment for every cyclist. ZyroFisher was founded in 1995 and is based in Darlington, United Kingdom.

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Buyer(S) 1

Buyer

Palatine Private Equity

Manchester, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 570M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palatine Private Equity is a UK based private equity firm focused on investing in businesses valued up to £50 million. The Firm generally looks to fund profitable, cash-generative companies with strong management teams and established market positions, however, Palatine will also consider turnaround situations. Target sectors include retail/leisure, business outsourcing, financial services, healthcare, and niche manufacturing. Prospective transaction types include management buyouts/buy-ins, consolidations, growth capital financings, and restructurings. Palatine was originally formed as Zeus Private Equity in 2005. The Firm has offices in Bristol, Manchester, and London.


DEAL STATS #
Overall 27 of 53
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 12
Country: United Kingdom M&A 27 of 53
Year: 2017 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 edays

Nottingham, United Kingdom

edays is an employee absence management tool designed to help customer organizations improve operational efficiency and reduce absenteeism. Provided through software as a service (SaaS) model, the tool accurately manages, processes and tracks employee leave and sickness, providing absence analytics to help managers deliver efficiency gains across their organization. edays was established in 2005 and is based in Nottingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 WHP Telecoms

Warrington, United Kingdom

WHP Telecoms is a UK mobile telecoms professional services provider. WHP Telecoms’ consultancy-led offering provides end-to-end solutions, including planning, design, acquisition, deployment, upgrade and maintenance of mobile network masts, antennae and base stations for the wireless telecommunications sector. WHP Telecoms was established in 1988 and is based in Warrington, United Kingdom.

Sell -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 120 of 210
Sector: Distribution M&A 4 of 6
Type: Secondary Buyout M&A Deals 38 of 77
Country: United Kingdom M&A 115 of 204
Year: 2017 M&A 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 Atcore Technology Group

Slough, United Kingdom

Atcore Technology Group is a travel technology company which provides specialist software platforms for the global leisure travel sector. It comprises of two principal platforms, Atcom and Tigerbay. Atcom designs, builds and maintains reservation software for leading global tour operators. Its proprietary reservation system is highly complex, and supports sophisticated business models which allow clients to manage large volumes of search requests, optimise customer experience and enhance profitability. Atcore Technology Group was founded in 1999 and is based in Slough, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Forest Holidays

Moira, United Kingdom

Forest Holidays owns and operates secluded eco-cabins and treehouses on nine sites across Britain’s National Forests. Forest Holidays was established in 2006 and is based in Derbyshire, United Kingdom.

Sell -